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FxWirePro: GBP/JPY Trade Idea

Friday, January 4, 2019 12:54 PM UTC

Ichimoku Analysis (Hourly chart)

Tenken-Sen- 136.47

Kijun-Sen- 135.94

GBP/JPY was trading higher and recovered more than 700 pips from low of 130.69. The pair is holding above Cloud for more than 4 hours. So jump till 138.16 (100- H MA)/139.50/140.

On the lower side major support is around 136.30 and any break below targets 135/133.16.

It is good to buy on dips around 136.80-85 with SL around 136.30 for the TP of 138.15/140.

Resistance

R1- 137.20

R2 - 138.15

R3- 139

Support

S1- 136.30

S2- 135

S3- 133.15

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FxWirePro: GBP/JPY Trade Idea

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